As part of the annual review/statement - why do we not get a breakdown of actual the amounts that have been paid and the balance of the out standing debt to each creditor
I believe you may get this when it's sent out to creditors(I'm pretty sure you get the final report at the end of your IVA.
You could ask your IP to email you a copy, if they refuse you could ask for it under the data protection act but they can charge £10 for this(hence why its best to ask for it informally first).
You should get a balance sheet regarding your account when each review is completed ( a copy of that which is provided to creditors).
With regards to the balances -- this isn't done annually, as they will be unconfirmed until the final claims are scrutinised at completion. In any event, during the IVA, you owe the creditors the full original debt and any unpaid balance is only written off at the end. Should the IVA fai then interest will also be added back on, so "outstanding balances" during the course of the IVA are meaningless.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
We always used to get annual review which included a breakdown of payments to creditors against payment of fees etc. The creditor breakdown was not not broken down to individual creditors it was just a figure.
Sharing from experiences of dealing with debt
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